Ann: Reinstatement to Official Quotation, page-39

Hi Christophe,

You seem jolly bullish on ANX, I looked at a few miners a couple of years ago and pitched in. This one I thought I was being awfully clever playing a back door entry into PDI, but in reality I simply made myself look foolish.

Since changing from Aurora, Anax has managed to attract some positive attention. Under Aurora status, no-one could find a decent word to say about the company. That happens often, DEG being a relevant and recent example - for a while you couldn't give the shares away, and then the tides changed. Whilst I am not saying this is the new DEG in the slightest, I am saying that the market can be quite fickle. However, companies also gain themselves a reputation.
For me, I am trying to decide if this company is benefitting from a new paint job or that the mkt is now open to viewing this company in a new light. As a recent investor, I think?, I am interested in your views of why this company may be worth multiples of it's current valuation. Personally, I'm currently on the fence.